Indian OMCs Seen Posting Q2 Earnings Growth on Refining Gains
Brokers expect oil marketing companies to report year-on-year and sequential earnings growth for the September quarter, citing stronger refining margins, inventory gains and reduced fuel marketing losses. The body is truncated before the forecast is complete.
Sachin Kumar ET Intelligence Group: Oil Marketing Companies (OMCs) are expected to post healthy year-on-year and sequential earnings growth for the September quarter, aided by buoyant refining margins, inventory gains and a reduction in fuel marketing losses. Brokers expect a 35-40% year-on-year in…